The most important expectations and rates of gold for this week Investing.com

At a declining rate of

US02Y: 0.134%

US05Y: 0.109%

US10Y: 0.083%

US20Y: 0.067%

US30Y: 0.092%

The change came to 0.5 $

With a daily turnover rate of 0.036%

changed so far +1.59% compared to yesterday.

With a daily turnover rate of 0.016%

Decision in the mathematical analysis according to the law of price elasticity of demand for this week

Gold that breaks the 2547 level and holds and closes the daily candle above are bullish targets

2584

2620

2654

Gold breaks the 2476 level and holds and closes a daily candle below the bearish targets

2440

2405

2372

At the baseline for the past week

Most economic data and reports were negative for the US dollar last week.

1.5 on my estimate

1.2 According to estimate

10K on estimate

115K on estimate

5- The following was said at the end of the minutes of the Federal Open Market Committee meeting:

A- Meeting minutes released Wednesday showed that Fed officials at their July meeting came close to a long-awaited rate cut, but stopped short of signaling that a cut was rate in September increasingly likely.

“The majority noted that if the data continues to show as expected, it would likely be appropriate to reduce the policy at the next meeting,” the summary said.

B- Many participants in the meeting are optimistic about the latest readings of inflation rates, the increase in the unemployment rate, and the labor market, and this gives confidence to the Fed to take the first step with to start lowering interest rates.

T- The majority of participants noted that the risks that threaten the employment target have increased, and many participants said that the risks that threaten the target inflation has decreased.

“Some participants noted the risk that further gradual deterioration of labor market conditions could lead to a more severe recession. “

6- What was said in Uncle Powell’s speech at the Jackson Hole conference:

A- It is safe to say that it is time to start the rate of interest rate reduction within the latest economic readings and data.

B- We have made significant progress against inflation, and our confidence is increasing that inflation is moving within the Fed’s path and target of 2%.

T- We welcome the gradual reduction in the labor market and we are not looking for a further slowdown in it.

6- Visible change in the interest rate monitor after the data series was issued.

Regarding this week’s news:

We have very important reports and data on the US dollar for this week

3- Weekly rates of unemployment complaints.

Time and Sports View (Weekly)

The general trend for gold is up as prices trade above the 2407 level, which is the lower part of the daily correction.

The upper part of the correction on the daily frame (2590)

The subtrend for gold is bearish as prices trade below the 2566 level, which is the upper part of the correction on the 4-hour frame.

The lowest of the correction on the 4-hour frame (2459)

The secondary trend for gold is bullish as prices trade above the 2472 level, which is the lower part of the correction on the hourly frame.

Maximum correction on the hour frame (2539)

1- If the level 2459 is confirmed, the lower part of the correction on the 4-hour frame, daily candle may not close with the whole body below the level.

2- Closing and consolidating a daily candle at the highest level of 2495 after the first condition is met.

3- Closing the daily candle above 2539. The expected peak will be within the range of our supporting targets.

Conditions for price decline to test the lower part of the correction on the daily frame at the level of 2407.

3- Closing the daily candle below the level of 2459. The level of 2407 will be within the range of our bearish targets.

Our strategy for this week

We are gold sellers as long as prices trade below the 2539 level and the daily candle does not close above the level If the candle closes above the level, buying is the most appropriate option us.

And with God’s blessing

(we are talking day trading here my friend)

Do you know how to execute your portfolio through cumulative profit with decreasing ratios (profit and loss)?

This is the recipe I followed in my early days in this field, and it is based on mathematical foundations that protect against loss and increase your longevity in profit.

The first equation is what is your daily profit margin, and I’m assuming the portfolio’s daily profit is:

1000$-5000$

Profit rate 1.5%.

5000$-10000$

1% profit rate.

10 000 – 25 000 $

0.75% profit

25000 $ and above

0.25% profit

The second equation is to know the percentage of profit based on the value of your portfolio (example $1000 portfolio)

It is divided into 4 days according to the decreasing ratio, ie

First day: 100% of the profit percentage The profit and loss percentage according to the example is $1000 * 1.5/100*(100%) = $15.

Second day: 75% of the profit percentage The profit and loss percentage according to the example is $1000 * 1.5/100*(7.5%) = $11.25.

Third day: 50% of the profit percentage The profit and loss percentage according to the example is $1000 * 1.5/100*(50%) = $7.5.

Fourth day: 0.25% of the profit and loss percentage according to the example: $1000 * 1.5/100*(25%) = $3.75.

When 4 days are complete, we use the method by returning the percentage

Fifth day = fourth day profit and loss ratio 0.25% according to the example $1000 * 1.5/100*(25%) = $3.75

Sixth day = third day profit and loss ratio 0.50% according to the example $1000 * 1.5/100*(50%) = $7.5

Seventh day = second day profit and loss ratio 0.75% according to the example $1000 * 1.5/100*(7.5%) = $11.25

Eighth day = first day, 100%, the profit and loss ratio according to the example: $1000 * 1.5/100*(100%) = $15

The total amount of transactions is $75

Arithmetic average $75/8 trades = $9.37

Assuming you lost 4 trades out of 8 trades

4*9.37$ = 37.5$

The maximum is that you lost 6 trades out of 8 trades

6*9.37$ = 56,25$

In conclusion, you will remain my friend in the profit percentage, no matter how many losing trades you make

This rule applies to the number of trading days and the ratios as shown.

“This analysis is a technical, mathematical and fundamental analysis of economic data and reports, and it is far from the tensions and events that are happening and may happen in the world, because it has certainly been known to everyone about gold trends. depending on the strength of the news.”

This analysis is a personal opinion and has nothing to do with a buy or sell recommendation

Join us, my friend, to know the daily trend on our Telegram channel @trendlinetradingUAE, the link is in the profile.

Have a great week everyone